For a Number of Years Country a Had Inflation of 3

question 69

Multiple Choice

For a number of years country A had inflation of 3% but for the last five years has had inflation of 6%.Country B had inflation of 4% for many years,but very recently inflation unexpectedly rose to 9%.Other things the same,in which of the countries would the higher inflation rate be more likely to reduce unemployment?

• A)both country A and country B
• B)neither country A nor country B
• C)country A but not country B
• D)country B but not country A

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Definitions:

Bookkeeping

The systematic recording of business transactions.

Business Transactions

Acts of trading or dealing involving the exchange of goods, services, or financial assets between two or more parties.

MICR Recording Area

A section on checks encoded with magnetic ink character recognition technology to facilitate the electronic processing of bank checks.

Routing Number

A nine-digit code used in the United States to identify a financial institution in a transaction.